[Adam Clayman]

Rather than give 700 billion to a select few what would happen if every American over 21 got an equal share? Would golf rounds go up? Memberships fill up? New courses spring up?

[Craig Van Egmond]

How about 18 an older?

In 2006 there were an estimate 300 million in the US and 7% of those were under 18, so that leaves 279 million.  My creaky math comes up with 2,509 dollars per person 18 or over.

Better than a poke in the eye with a red hot stick.

[Jeff_Brauer]

Just got an email that in the disaster relief bill for south Texas, golf courses were specifically excluded from disaster aid (along with strip joints, liquor stores, etc.)  Somehow, I think if the Feds got wind money was going for golf they would nix it. 

For that matter, whatever portion of that $700 Mil pays executive salaries probably should filter down to golf, if their excessive bonuses for running companies into the ground already hasn't translated to a few cc memberships.....

[Jim Sweeney]

Jeff- Does that include Munis?

[Jeff_Brauer]

Jim,

Apparently not. I should have read closer.  The Senate version of September 23 excludes privately and commercially owned golf facilities from receiving federal disaster relief.

The bill, a broad tax extender package, included a provision to provide federal tax relief for victims of the tornadoes, flooding, and hurricanes that have destroyed thousands of homes and small businesses in recent months.  Golf facilities were once again lumped in the same category as massage parlors, hot tub facilities, suntan facilities and liquor stores similar to when federal tax relief was introduced after Hurricane Katrina.   

The House of Representatives will soon vote on its own disaster relief tax package which currently provides a flexible, national plan to help all states - AND ALL GOLF FACILITIES - affected by disasters in 2008. Disaster relief would extend to floods, tornadoes, wildfires, hurricanes or any other disaster that yields a presidential disaster declaration.

[Adam Clayman]

Jeff, Does that type of consideration in regulations make your blood boil? 
Do you feel it's an ASCGA issue to change the perception of golf courses, politically?

[Matt_Cohn]

How about 18 an older?

In 2006 there were an estimate 300 million in the US and 7% of those were under 18, so that leaves 279 million.  My creaky math comes up with 2,509 dollars per person 18 or over.

Better than a poke in the eye with a red hot stick.

7% under 18 is not correct. The actual number is 24.6%. Yay, more money for the rest of us!

[Steve Lang]

 

$700 E9 / 200 E6 legal folks=  $3500 /person

Adam, wouldn't inflation gobble up these $

chain saws


i think that the privates will remain aligned with their primary econ sector.. but membership/play may have to transition to new access rules

can't believe public parks can't take care of cosmetic impacts from hurricanes, and seek local help otherwise, like that guy in New Orleans that started cutting the grass at his course..

[Mike_Cirba]

As nice as it sounds, if the banking and financial and credit markets collapse, that $3500 will be nice for putting in a wheelbarrow to take to the store for a loaf of bread.

[Adam Clayman]

Unusual timing on the non news yesterday. The details of the DEAL are enough to want more regulation on those who make the legislation.

[Tom_Doak]

Steve L:

Inflation might gobble up the $700 billion of principal ... except that we are going to have to add that money to the national debt and pay interest at greater than inflation rates to whoever funds that debt.

[Kalen Braley]

All this nonsense is enough to make one want to move to Canada    

[Mark Bourgeois]

I would move to Canada too but are you sure the authorities screen out the OT threads? Maybe the Middle Kingdom is a better bet...

[igrowgrass]

What would giving everyone over 21 money do about all the bad securities in default?

[Brent Carlson]

How much sense would it make to give that money to those who cannot meet payment so that they can?  That way the money would go to those who actually need it.  Of course going forward lending would need to make economic sense instead of what we've seen the last 10 years or so.

[John Moore II]

Ahh yes, lets give it to everyone. Nice idea, but still, where are you going to get it? The government is going to take out a $700 billion loan to pay you $2500, so that your tax dollars can repay that $700 billion loan, plus interest over the next 40 or 50 years. Not a great idea. I shutter at the idea of having to pay all this off for the rest of my life. But I feel the collapse of banks would be worse.

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